ANTD.VN - Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has just launched a preferential loan package with a total scale of 13,000 billion VND for individual customers who need to borrow to buy cars, borrow for production and business, borrow to buy houses, and borrow for consumption with attractive interest rates from only 5%/year, loan ratio up to 85%, maximum loan term up to 35 years. Notably, these loan packages all have super fast approval time, within only 5 minutes through the VPBank Race automatic approval system.
In order to stimulate credit demand, contribute to promoting economic development, and support people to be more confident in making investment and business decisions, VPBank has recently launched 3 preferential interest rate loan packages for individual customers, including home loans, car loans, and loans for production and business with interest rates starting from only 5%/year. This is considered the most competitive interest rate on the market to date.
Implementing the direction of the State Bank in making efforts to deploy many credit solutions, directing credit to production and business, VPBank's production and business loan package is designed with an interest rate of only 5%/year fixed for the first 6 months. This loan package applies to individual customers who are individual business households and business households. The loan rate is up to 80% of the value of the collateral, up to 20 billion VND and the loan term is up to 15 years.
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Credit package size up to 13,000 billion VND |
In addition, VPBank also offers many solutions to support, remove and promote the safe and sustainable development of the real estate market, while gradually solving the housing problem for people. The preferential interest rate package for customers borrowing to buy houses from VPBank has an interest rate of only 5.9%/year, disbursed up to 80% of the value of the collateral with a maximum loan amount of 20 billion VND. Loan term up to 35 years.
For car loan packages, VPBank currently applies an interest rate of only 7%/year with a loan ratio of up to 85% of the car value and a loan term of 8 years.
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Car loan interest rate from only 7%/year |
The special feature of all 3 loan packages is that customers only need to prove their income through self-declaration and the approval time is only within 5 minutes through the VPBank RACE application. Customers only need to provide basic personal information, do not need to provide documents proving their source of income, the system will check and return loan approval results within 5 minutes. The application is operated based on smart scoring technology combined with accurate OCR technology, helping the bank greatly increase its ability to digitize documents, process documents to approve loans automatically and quickly.
VPBank representative said that on average, in the past 2 years, the number of customers borrowing capital at VPBank has increased by about 30%/year. The number of customers currently having loans at VPBank is nearly 165 thousand, mainly for car purchases and production and business. "We expect that these 3 preferential interest rate loan packages will help people easily access capital, expand production and business activities to promote the country's economic development," this representative added.
Previously, implementing the direction of the State Bank, in addition to reducing deposit interest rates, VPBank also reduced interest rates by 1.5%/year for existing medium and long-term loans that had not previously been subject to competitive interest rates.
The program is applicable from now until December 31, 2023. For more information, please contact Hotline 1900 545 415 or 024 3928 8880 or see Here.
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